@dassemla.bsky.social
I write about my concentrated smallcap portfolio of 3-6 stocks. My own opinions. Not financial advice. Holdings: $ACAST $PIERCE $SENZA $TALK $USWE $ZEPP
Update!
1) Officially have my first 10-bagger in $ZEPP (10-bagger in under 7 months no less!)
2) I bought back into $PIERCE (VWAP SEK 8.52).
A lot of e-tailers look attractive in the next ~9 months imo (why I own USWE). But I also like the risk/reward in PIERCE.
1) Officially have my first 10-bagger in $ZEPP (10-bagger in under 7 months no less!)
2) I bought back into $PIERCE (VWAP SEK 8.52).
A lot of e-tailers look attractive in the next ~9 months imo (why I own USWE). But I also like the risk/reward in PIERCE.
August 18, 2025 at 4:43 PM
Update!
1) Officially have my first 10-bagger in $ZEPP (10-bagger in under 7 months no less!)
2) I bought back into $PIERCE (VWAP SEK 8.52).
A lot of e-tailers look attractive in the next ~9 months imo (why I own USWE). But I also like the risk/reward in PIERCE.
1) Officially have my first 10-bagger in $ZEPP (10-bagger in under 7 months no less!)
2) I bought back into $PIERCE (VWAP SEK 8.52).
A lot of e-tailers look attractive in the next ~9 months imo (why I own USWE). But I also like the risk/reward in PIERCE.
Sold $BPCINS this Friday at 36.5 SEK (+22% return) in ~14.5 months time. Not what I had hoped for.
It seems the orders were more lumpy than I initially thought and it’s harder to grow consistently than expected.
It seems the orders were more lumpy than I initially thought and it’s harder to grow consistently than expected.
August 17, 2025 at 6:40 AM
Sold $BPCINS this Friday at 36.5 SEK (+22% return) in ~14.5 months time. Not what I had hoped for.
It seems the orders were more lumpy than I initially thought and it’s harder to grow consistently than expected.
It seems the orders were more lumpy than I initially thought and it’s harder to grow consistently than expected.
$Zepp Q2 highlights:
- Strong revenue growth +46% (beating guidance)
- Now guide for 67-77% y/y growth in Q3.
- Management expects to INCREASE cash balance in Q3, would be first time in 7 quarters)
- Gross margin slightly below normal in Q2 (LT margin should be ~40%)
#BULL
- Strong revenue growth +46% (beating guidance)
- Now guide for 67-77% y/y growth in Q3.
- Management expects to INCREASE cash balance in Q3, would be first time in 7 quarters)
- Gross margin slightly below normal in Q2 (LT margin should be ~40%)
#BULL
August 6, 2025 at 8:44 AM
$Zepp Q2 highlights:
- Strong revenue growth +46% (beating guidance)
- Now guide for 67-77% y/y growth in Q3.
- Management expects to INCREASE cash balance in Q3, would be first time in 7 quarters)
- Gross margin slightly below normal in Q2 (LT margin should be ~40%)
#BULL
- Strong revenue growth +46% (beating guidance)
- Now guide for 67-77% y/y growth in Q3.
- Management expects to INCREASE cash balance in Q3, would be first time in 7 quarters)
- Gross margin slightly below normal in Q2 (LT margin should be ~40%)
#BULL
#USWE strong Q2, 4.6msek in one-offs on sales, but at the same time 4msek in strong USD headwinds, very impressive organic growth at +37%. Drop-through was a bit disappointing. Easy comps for another 2 quarters at least! Up 66% since I took it in.
Bought $USWE following Q1 (basis 9.9 SEK). Similar exposure as $PIERCE, but more nische player and higher growth potential over time.
August 1, 2025 at 6:22 AM
#USWE strong Q2, 4.6msek in one-offs on sales, but at the same time 4msek in strong USD headwinds, very impressive organic growth at +37%. Drop-through was a bit disappointing. Easy comps for another 2 quarters at least! Up 66% since I took it in.
$TALK
Up over 200% in ca 1.5 years and still at least 100% upside from here given BDO’s independent valuation of Talkpool Germany at 20.5MEUR 📈
x.com/dassemla/sta...
Up over 200% in ca 1.5 years and still at least 100% upside from here given BDO’s independent valuation of Talkpool Germany at 20.5MEUR 📈
x.com/dassemla/sta...
Das Semla on X: "Bought more $TALK at 4.8 SEK yesterday. VWAP is now 4.49 SEK. #bullish" / X
Bought more $TALK at 4.8 SEK yesterday. VWAP is now 4.49 SEK. #bullish
x.com
July 8, 2025 at 2:37 PM
$TALK
Up over 200% in ca 1.5 years and still at least 100% upside from here given BDO’s independent valuation of Talkpool Germany at 20.5MEUR 📈
x.com/dassemla/sta...
Up over 200% in ca 1.5 years and still at least 100% upside from here given BDO’s independent valuation of Talkpool Germany at 20.5MEUR 📈
x.com/dassemla/sta...
Bought $USWE following Q1 (basis 9.9 SEK). Similar exposure as $PIERCE, but more nische player and higher growth potential over time.
June 13, 2025 at 12:41 PM
Bought $USWE following Q1 (basis 9.9 SEK). Similar exposure as $PIERCE, but more nische player and higher growth potential over time.
Sold $PIERCE at SEK 10.5 on Monday on the recent retail inflow, don’t think Q1 will be a trigger. (+12% since purchase earlier this year).
I might be back on a Q1 miss.
I might be back on a Q1 miss.
May 1, 2025 at 6:05 AM
Sold $PIERCE at SEK 10.5 on Monday on the recent retail inflow, don’t think Q1 will be a trigger. (+12% since purchase earlier this year).
I might be back on a Q1 miss.
I might be back on a Q1 miss.
Bought $PIERCE after Q4 at SEK 9.3. Retail should continue to strengthen from here. Upside is still very much ahead of us imo. Share is at 7x ’25 EBIT and 4x ’26 EBIT on 8% sales CAGR. Very modest estimates considering sales grew 19% organically in Q4 y/y.
February 28, 2025 at 9:59 PM
Bought $PIERCE after Q4 at SEK 9.3. Retail should continue to strengthen from here. Upside is still very much ahead of us imo. Share is at 7x ’25 EBIT and 4x ’26 EBIT on 8% sales CAGR. Very modest estimates considering sales grew 19% organically in Q4 y/y.